What should insurance companies do about soaring insurance costs?
1980; Elsevier BV; Volume: 23; Issue: 2 Linguagem: Inglês
10.1016/0007-6813(80)90007-5
ISSN1873-6068
Autores Tópico(s)Insurance and Financial Risk Management
ResumoSubstantial and repeated premium increases have brought forth demands that insurance companies do something to hold down the increases. In 1977 a twenty-four-year-old male residing in East Boston, who had no formal driver education and owned a threeyear-old Chevrolet Malibu, could have paid up to $2,512 as the annual premium for a reasonably complete package of automobile insurance coverages. 1 The annual cost is greater now. I would like to discuss the topic of soaring insurance costs and speculate about what, if anything, insurance companies can and should do to contain them. The discussion is confined to property and liability
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